Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1533 Frontage Rd N Waite Park, MN 56387

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land for sale with excellent visibility and access.

    Type:Retail
    Lot size:
    3.00 Acres
    Added:
    Jan 27, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 1 at 11:41 pm

    Property Features for 1533 Frontage Rd N

    General Information

    Standard status
    Active
    Lot size
    3.00 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Jen Helm

    Listing agent Jen Helm

    Listing office Mid-America Real Estate-Minnesota LLC

    Listing date Jan 27, 2026

    Source Nmrk

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Mid-America Real Estate-Minnesota LLC

    Overview

    Commercial Land Near Marcus Theatre

    Available for sale is a commercial land parcel located as an outlot to the Marcus Theatre. The site offers between 1.00 and 3.00 acres. It is zoned B-2 General Commercial, providing opportunities for various business uses. The property benefits from excellent visibility and access to Division Street. The location features strong area demographics and traffic counts.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Pharmacy Accounting Firm Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waite Park
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.2376
    Latitude
    45.5544

    Nearby Similar for Sale

    • $575

      Waite Park Commercial Opportunity

      Commercial unit on a busy road in Waite Park.
      510 1/2 3rd Street N, Waite Park, MN 56387
      View Details
    • $491,500

      Prime Commercial Land in Waite Park

      1.22 acre commercial lot in rapidly developing Waite Park.
      3xx 10th Avenue S, Waite Park, MN 56387
      View Details
    • $87,000

      Commercial Land in Growing Area

      Commercial land available in a growing area of Waite Park.
      201 34th Avenue S, Waite Park, MN 56387
      View Details
    • $115,000

      Commercial Land in Growing Area

      Land in a growing area, ideal for business expansion.
      213 34th Avenue S, Waite Park, MN 56387
      View Details
    • $1,950,000

      Turnkey Restaurant on Division Street

      Well-maintained restaurant with real estate and equipment included in sale.
      1001 Division Street, Waite Park, MN 56387
      View Details
    • $309,900

      Prime Commercial Lot in Waite Park

      0.88-acre commercial lot near high-traffic area in Waite Park, MN.
      Tbd N 2nd Avenue, Waite Park, MN 56387
      View Details
    • $12
      3,205 SF

      Waite Park Office Suites

      High visibility office suites available for lease in Waite Park.
      50 10th S Avenue, Waite Park, MN 56387
      View Details
    • $1,414,000

      Waite Park Commercial Investment Land

      24 acres of commercial land with development potential.
      Tbd State Highway 23, Waite Park, MN 56301
      View Details
    • $550
      743 SF

      Waite Park Office Unit

      743 SF office unit on a busy road.
      510 1/2 3rd N Street, Waite Park, MN 56387
      View Details
    • $25,000

      Waite Park City Lot

      City lot in established Waite Park neighborhood.
      120 8th Avenue N, Waite Park, MN 56387
      View Details
    • $30,000

      Waite Park City Lot

      Residential lot in established Waite Park neighborhood.
      126 8th Avenue N, Waite Park, MN 56387
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for sale with excellent visibility and access.
    Where is this commercial land located?
    The property is located at 1533 Frontage Rd N Waite Park, MN.
    What are key features of this property?
    This property features: Excellent visibility and access to Division Street; Zoned B‑2 General Commercial; Strong area demographics and traffic counts
    (612) 430-9943
    We can help!
    Listing Contact
    Jen Helm
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!